Category: Investments

Michelin owns 99.6% of Indonesia’s Multistrada shares

French Group Michelin has recently acquired additional share capital of Indonesian tyre manufacturer Multistrada Arah Sarana (Multistrada) after a public offer for the company’s outstanding shares – Michelin’s interest in Multistrada now stands at 99.64%. In March 2019, Michelin initially…

SBR market to grow by US$8.2bn by 2026

Styrene butadiene rubber (SBR) derivatives are of great use in automotive and industrial applications. It is estimated that the SBR market, from a moderate CAGR growth of 4.3%,will value at over US$8.2 billion by 2026. Robust growth in the global…